Virgin Might Buy 20% Stake
In Fly Asian Express

By

Hasan Jafri and

Elffie Chew

Updated June 26, 2007 12:01 a.m. ET

KUALA LUMPUR, Malaysia -- Malaysia's unlisted Fly Asian Express is in talks to sell a 20% stake in the budget long-haul airline to Richard Branson's Virgin Group Ltd., two people familiar with the talks said.

"We have been in talks and he may take a 20% stake," one of the people said. "The talks are continuing, though there still...